When Barclays divested its final stake in South African bank Absa, some people may have mistakenly thought that it was exiting Africa for good. But even as that final stake was being sold, Barclays was proactively strategising on rebuilding its African presence.
Rather than focusing on retail banking, it would focus on servicing the Private Banking needs of ultra-high-net-worth (UHNW) individuals and their global families.
Amol Prabhu, Country CEO:
